Brains, not oil, should fuel Russia’s economyFinancial TimesIf Russia is to remain a globally relevant power in the 21st century, it will have to win one of two bets on technology — or possibly both. The first was identified by President Vladimir Putin in a recent talk with students in which he discussed how …

Shell Technology Ventures Dives Into China’s Cleantech MarketGreentech MediaThe venture fund arm invests in what Shell views as disruptive energy technologies, such as the $53 million it dropped on solar steam generator company GlassPoint Solar, which works with energy companies on thermal oil recovery at oilfields.

BP experiments with blockchain for oil and gas tradingFinancial TimesBP is experimenting with blockchain to make oil and gas trading more efficient in the latest sign of big companies bringing the database technology into mainstream use. The UK group said it was investing in pilot programmes to explore the “practical …

A renewed focus on technology can lift Russia’s economyFinancial TimesMoscow’s second big bet is on oil technology. In a recent lecture at Chatham House in London, Professor Thane Gustafson of Georgetown University, one of the leading foreign experts on the Russian oil industry, highlighted three challenges facing the …

It’s Been A Tough Week For Peak Oil TheoristsForbesMost in the industry understand that this is actually a conservative resource estimate because USGS limits its resource assessments to reserves that are producible using current technology. Given that technology advances in the oil and gas industry …

Technology underpinning bitcoin gets applied to contractsPlatts (blog)As the questions filed by the conference’s app popped up on the screen at the Blockchain in Oil & Gas conference in Houston earlier this month, it was pretty clear there were two types of people in the audience. The first were those who had a solid …

If data is the new oil, are tech companies robbing us blind?Digital TrendsViewed uncharitably, companies like Google and Facebook can appear almost like the unscrupulous oil man Daniel Plainview from Paul Thomas Anderson’s 2007 movie, There Will Be Blood; offering little more than tokenistic gestures in exchange for what …

Officials look to diversify local economy beyond oilHouma CourierFor example, in the years following the 1980s oil bust, Lafayette has bolstered its technology sector to lessen its reliance on energy. According to the Lafayette Economic Development Authority CEO Gregg Gothreaux, 70 percent of Lafayette’s economy was …

Genesis Research and Technology Group’s Eco-Friendly TechnologyMarkets InsiderDALLAS, Sept. 24, 2017 /PRNewswire/ — The environmental impact and cost of producing just one barrel of oil is enormous. The hydraulic fracturing or fracking process uses a large amount of precious water that, in the end, is dirty water. For each …

Plentiful oil will sustain the age of hydrocarbonsFinancial TimesThat figure reflects a balance between falling consumption of petrol as electric vehicle numbers grow and continuing increases in demand for diesel for the freight business, aviation fuel and oil for the petrochemicals industry. The question is whether …

US Shale’s Most Productive Play May Peak By 2021OilPrice.comWood Mackenzie’s report, “Geology vs. technology: how sustainable is Permian tight oil growth?”, modeled three scenarios for the Permian’s production. Under the reference-case scenario, Permian production is set to rise to more than 5 million bpd in 2025.